New Wave Group Balance Sheet Health
Financial Health criteria checks 4/6
New Wave Group has a total shareholder equity of SEK6.4B and total debt of SEK2.9B, which brings its debt-to-equity ratio to 44.9%. Its total assets and total liabilities are SEK11.4B and SEK5.0B respectively. New Wave Group's EBIT is SEK1.6B making its interest coverage ratio 13.4. It has cash and short-term investments of SEK299.6M.
Key information
44.9%
Debt to equity ratio
SEK 2.87b
Debt
| Interest coverage ratio | 13.4x |
| Cash | SEK 299.60m |
| Equity | SEK 6.38b |
| Total liabilities | SEK 5.05b |
| Total assets | SEK 11.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEWABs's short term assets (SEK8.0B) exceed its short term liabilities (SEK2.2B).
Long Term Liabilities: NEWABs's short term assets (SEK8.0B) exceed its long term liabilities (SEK2.8B).
Debt to Equity History and Analysis
Debt Level: NEWABs's net debt to equity ratio (40.2%) is considered high.
Reducing Debt: NEWABs's debt to equity ratio has reduced from 64.3% to 44.9% over the past 5 years.
Debt Coverage: NEWABs's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NEWABs's interest payments on its debt are well covered by EBIT (13.4x coverage).